iShares Core S&P U.S. Total Market Index ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
iShares Core S&P U.S. Total Market Index ETF price down 0.490% on Friday
(Updated on Jun 28, 2024)
The iShares Core S&P U.S. Total Market Index ETF price fell by -0.490% on the last day (Friday, 28th Jun 2024) from $55.13 to $54.86. During the last trading day the ETF fluctuated 1.20% from a day low at $54.86 to a day high of $55.52. The price has risen in 6 of the last 10 days and is up by 0.13% over the past 2 weeks. Volume has increased on the last day by 14 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 28 thousand shares were bought and sold for approximately $1.52 million.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 7.74% during the next 3 months and, with a 90% probability hold a price between $57.77 and $60.33 at the end of this 3-month period.
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XUU.TO Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -1.24%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The iShares Core S&P U.S. Total Market Index ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $54.96. On a fall, the ETF will find some support from the long-term average at approximately $54.10. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for iShares Core S&P U.S. Total Market Index ETF
iShares Core S&P U.S. Total Market Index finds support from accumulated volume at $54.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.660 between high and low, or 1.20%. For the last week the ETF has had daily average volatility of 0.580%.
Our recommended stop-loss: $52.91 (-3.56%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (XUU.TO) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect iShares Core S&P U.S. Total Market Index ETF to open at $55.08, and during the day (based on 14 day Average True Range), to move between $54.48 and $55.24, which gives a possible trading interval of +/-$0.384 (+/-0.70%) up or down from last closing price. If iShares Core S&P U.S. Total Market Index ETF takes out the full calculated possible swing range there will be an estimated 1.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $54.79 (0.13%) than the resistance at $55.06 (0.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is iShares Core S&P U.S. Total Market Index ETF ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.135 Buy Candidate Unchanged
Predicted Opening Price for iShares Core S&P U.S. Total Market Index ETF of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| $55.08 ( 0.401%) | $54.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XUU.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.74 | 1.60% |
| R2 | 55.49 | 1.14% |
| R1 | 55.33 | 0.86% |
| Price | 54.86 | |
| S1 | 54.83 | -0.0585% |
| S2 | 54.67 | -0.342% |
| S3 | 54.42 | -0.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.32 | 0.84% |
| R2 | 55.24 | 0.693% |
| R1 | 55.06 | 0.365% |
| Price | 54.86 | |
| S1 | 54.79 | -0.128% |
| S2 | 52.67 | -3.99% |
| S3 | 51.27 | -6.54% |
XUU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 28, 2024 | $0.131 | 0.248% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.171 | 0.363% |
| 3 | Sep 25, 2023 | Sep 25, 2023 | Sep 25, 2023 | $0.144 | 0.333% |
| 4 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | $0.106 | 0.251% |
| 5 | Mar 22, 2023 | Mar 22, 2023 | Mar 22, 2023 | $0.152 | 0.377% |
FAQ
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